Residential building for sale - 6830 Chiasso

In Chiasso, a municipality in Ticino famous for its proximity to the border and convenience to services, we offer for sale an excellent income property. The property is centrally located in the area, in a particularly sought-after location for rental. The modestly sized building consists of two residential units and three commercial offices. Given its location in an R7I zone (an area with high residential density), it is possible to demolish the existing building if necessary, creating a small condominium of seven floors. In this regard, an initial draft for the project has already been created. The yield of the real estate investment stands at a net annual rate of 4.7%, a particularly interesting figure for this type of real estate operations. The building is currently in perfect maintenance condition. Between 2017 and 2018, significant improvement works were carried out, including the renovation of the facade, the renewal of the electrical and plumbing systems, the installation of a new air conditioning system, and the introduction of an efficient heat distribution system with coils. The units available in the property are currently fully rented. Considering this factor in relation to the excellent condition of the property, which allows avoiding annoying burdens, the return on investment can be realized immediately without the need for tenant searches or significant restoration works. Heating is provided by autonomous gas systems, aided by beautiful wooden frames and insulating double glazing. Another point to consider is the possibility of withdrawing the existing mortgage, with particularly interesting rates, valid until 2029. Each unit has a convenient private parking space. For further information, please contact the office. A RESIDENCE NOT TO BE MISSED!!